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Deliveroo Board Approves £2.9 Billion DoorDash Takeover

The acquisition, valued at 180p per share, awaits shareholder and regulatory approval for completion in late 2025.

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A Doordash bag on a bicycle in New York, US, on Thursday, August 8, 2024.
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Overview

  • DoorDash's £2.9 billion all-cash offer represents a 44% premium on Deliveroo's pre-announcement share price.
  • The combined group will operate in over 40 countries and serve approximately 50 million monthly active users.
  • Deliveroo CEO Will Shu, holding a 6.4% stake, stands to gain £172 million from the deal.
  • Deliveroo's board has unanimously recommended the offer, citing strategic alignment and growth potential.
  • The transaction is expected to close in the final quarter of 2025, pending shareholder and regulatory approvals.